China's national debt reached 13,066.2 billion U.S. dollars in 2022.
National debt, often referred to as public debt, represents the total amount of money that a country's central government owes to various creditors, including domestic and foreign investors, as well as international organizations. It typically accumulates over time due to government borrowing to finance budget deficits, which occur when government expenditures exceed revenues. Managing national debt is a crucial aspect of a country's economic policy, as it can influence interest rates, inflation, and a nation's creditworthiness.
China's National Debt: Historical Figures (2019-2022)
The national debt of China has shown a consistent increase over the past few years. The table below illustrates the figures in billion U.S. dollars:
| Year | National Debt (in billion U.S. dollars) |
|---|---|
| 2022 | 13,066.2 |
| 2021 | 11,553.86 |
| 2020 | 10,102.36 |
| 2019 | 8,401.99 |
These figures highlight a clear upward trend in China's national debt, reflecting various economic factors and government spending priorities over the years. Understanding the trajectory of a nation's debt is essential for assessing its economic stability and future fiscal challenges.
